LONDON, Feb 1 (Reuters) – Britain’s finance ministry said on Wednesday that turmoil in the sector and the collapse of exchange FTX indicated risks that needed to be addressed. Cryptocurrencies such as Bitcoin have little direct control globally, but regulators are closely watching the FTX collapse last year, which cost millions of investors billions of … Read more
Bharti Airtel’s Africa business reported a net profit of $152 million in the fiscal second quarter, down 21 percent from a year ago, dragged down by higher finance costs due to higher foreign exchange and equity losses. Net profit for the African business also fell 14.6 percent sequentially. Airtel Africa’s revenue for the quarter ended … Read more
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Finance Minister Miftah Ismail said the government is committed to taking all possible steps to stabilize the rupee against the US dollar without interfering in the marketing process. On Saturday, he met with senior executives of Pakistan’s major money transfer companies and held a meeting with the heads of the finance department of Islamabad … Read more
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